The ethylene and propylene market is mainly driven by the polymers and fiber industries. Realization of the industrial utility of ethylene and propylene has added a new dimension to the thermal cracking of petrochemicals, of which the two are byproducts.
 
In the mid-1950s, innovations by Karl Ziegler in Germany laid the foundation for the next era of advancement in the textile-fiber sector. Ziegler discovered a process to synthesize ethylene polymers, such as polyethylene, which were first used as a wax for sealing purposes. 
 
Propylene is produced as a byproduct in steam crackers that use feeds other than ethane. With the growth of the ethylene market, the propylene market has also grown considerably. So much so that in recent years the propylene market has surpassed the ethylene market.
 
Ethylene is used for large industrial reactions such as polymerization, alkylation, oligomerization, halogenations and hydrogenation, hydration, and hydroformylation. A large amount of ethylene produced worldwide is used in the manufacture of ethylene oxide, ethylene dichloride, and ethyl benzene. 
 
Propylene is used in the production of polypropylene, propylene oxide, cumene, acrylonitrile, oxo-alcohols, and isopropyl alcohol for industrial purposes.
 
The research report is a qualitative and quantitative analysis of current market trends, growth drivers, and restraints acting on the global ethylene and propylene market.
 
Using industry-centric tools and proprietary databases, technological advancement and market projections are analyzed in the report. With an array of statistical representations, the research report portrays analysis of the key market segments.
 
Profiled in the report are key players in the global ethylene and propylene market, along with an elaboration upon company overview, technological advancement, and business strategy of each of these vendors.
 
Overview of the Global Ethylene and Propylene Market
 
The global ethylene market was valued at US$156.0 billion in 2013 and is expected to reach US$234.2 billion by 2020, growing at a 6.0% CAGR from 2014 to 2020.
 
Due to its widespread industrial applications, ethylene is produced by petrochemicals companies worldwide. Owing to growing demand for ethylene from several end-use industries, the production capacity of ethylene is increased periodically by petrochemical companies, which is leading to sustainable growth of the global ethylene market.
 
Polyethylene accounted as the largest application segment, holding more than 50% of the ethylene market in 2013. Various types of polyethylene are used in the manufacture of plastic for the production of everyday appliances, pipes, packaging material, and toys.
 
Plastic produced from polyethylene can be pressed into different shapes – from the simplest to the most complex. Increasing consumption of polyethylene for the production of various plastic components is indirectly driving the ethylene market.
 
In 2011, the global propylene market was worth more than US$90 billion and is anticipated to exhibit considerable growth in coming years. 
 
Propylene is used in the manufacture of propylene polymers that have application in acrylic fibers and coatings, PVC plasticizers and coatings, polyurethane resins, epoxy resins and polycarbonates, and solvents. The automotive sector is the largest end user of polypropylene.
 
Massive expansion in ethylene and propylene production, combined with rising demand for downstream products from India, China, and the Middle East, will propel growth of the overall ethylene and propylene market.
 
Strict environmental regulations, fluctuations in raw material prices, and political uncertainty in crude oil producing regions are major factors restraining the ethylene and propylene market.
 
Major Companies Involved in the Global Ethylene and Propylene Market
 
BASF, ExxonMobil Chemical, INEOS, Formosa Plastics Corporation, DuPont, Dow Chemical, LyondellBasell Industries, Saudi Basic Industries Corporation, Sumitomo Chemical, and Chevron Phillips are some of the major companies in the global ethylene and propylene market.
 
Geographies in the Global Ethylene and Propylene Market
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
This report gives you access to decisive data such as:
  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years
Key highlights 
  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • A clear understanding of the competitive landscape and key product segments

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
  • Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.

The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

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Ethylene And Propylene Market